Certification based tech education platform Newton School is set to raise fresh funding from Prateek Boob, co-founder of PhysicsWallah, as part of an extension of its Series B funding round. According to regulatory filings reviewed by Entrackr, Newton School’s board has approved the issuance of 72,738 Series B1 preference shares at an issue price of ₹3,437 per share, enabling the company to raise around ₹25 crore. Valuation and Stake Based on Entrackr’s estimates, the fresh investment values Newton School at approximately ₹1,055 crore (about $117 million). Following the allotment, Prateek Boob will hold around 2.37% stake in the Gurugram-based company.…
Author: Adarsh Kumar
Shantanu Narayen, Chief Executive Officer of Adobe Inc., will step down after leading the company for nearly 18 years. The company said Narayen will remain CEO until a successor is appointed and will continue as chairman of the board. The leadership transition comes as investors question Adobe’s long-term competitiveness in the rapidly evolving artificial intelligence landscape. Investor Concerns Over AI Competition Analysts believe the CEO change raises concerns around Adobe’s strategic direction, innovation pace, and capital allocation as AI reshapes the creative software industry. Application software companies such as Salesforce and Atlassian have also faced similar pressure as AI-native startups…
Prime Minister Narendra Modi will begin a two-day visit to Assam to inaugurate and launch development projects worth around ₹47,600 crore across Kokrajhar, Guwahati and Silchar. The visit comes ahead of the Assam Assembly elections expected in April and marks Modi’s fourth trip to the state in the past four months. Projects Across Three Cities The Prime Minister will start his visit in Kokrajhar, where projects worth more than ₹4,570 crore will be launched. These include the bhoomi poojan for Assam Mala 3.0, a road development initiative worth ₹3,200 crore aimed at building over 900 km of roads across the…
Logistics SaaS platform WheelsEye reported modest growth in FY25, with its operating revenue rising 17% year-on-year. However, the company’s losses remained largely unchanged during the fiscal year ended March 2025. According to standalone financial statements filed with the Registrar of Companies (RoC), WheelsEye’s revenue from operations increased to ₹243.4 crore in FY25, compared to ₹208.8 crore in FY24. SaaS Subscriptions Drive Majority of Revenue Founded in 2017, WheelsEye offers an app-based logistics platform that enables truck booking and fleet management for operators across India. The company also provides software solutions, GPS tracking devices, and FASTag services. Revenue from software subscription…
Direct-to-consumer baby products brand R for Rabbit has nearly doubled its revenue over the past two years, reaching ₹251 crore in FY25 from ₹128 crore in FY23. Despite the rapid scale-up, the company managed to maintain a near break-even financial position during the fiscal year ended March 2025. According to consolidated financial statements filed with the Registrar of Companies (RoC), R for Rabbit’s operating revenue grew 47.6% year-on-year to ₹251 crore in FY25 from ₹170 crore in FY24. Strong Growth in Baby Products Segment Founded by husband-wife duo Kunal Popat and Kinjal Popat, the Ahmedabad based brand offers a wide…
Foodtech major Eternal has invested ₹450 crore (around $50 million) into its quick commerce subsidiary Blinkit through a rights issue, marking the first capital infusion into the company in 2026. According to regulatory filings reviewed by Entrackr, Blinkit’s board approved the allotment of 2,799 equity shares to Eternal at an issue price of ₹16,07,161 per share, raising ₹450 crore. Continued Capital Support This investment follows a series of capital infusions made by Eternal in 2025. The parent company invested ₹500 crore in January, ₹1,500 crore in February, and ₹600 crore in November, bringing the total funding in Blinkit during 2025…
Fintech firm Slice has appointed Sreedevi Pillai, former Chief General Manager for Risk Management at State Bank of India, as an Independent Director (Non-Executive) on its bank board. Pillai brings over 36 years of banking leadership experience, most of it spent at SBI, where she played a key role in strengthening the bank’s operational risk framework, fraud monitoring systems, and enterprise-level risk governance across the institution and its group entities. Strengthening Governance and Risk Framework During her tenure at SBI, Pillai led initiatives to build advanced fraud detection frameworks, helping the bank become one of the first large commercial banks…
Sports technology company Dream Sports, the parent of Dream11, has reorganised its business structure following regulatory challenges in India’s real money gaming (RMG) sector. The restructuring has resulted in the exit of more than 100 executives. The changes come after regulatory restrictions on online real money gaming last year, which prompted Dream Sports to restructure its operations into multiple independent startup units. New Structure with Multiple Startups Following the restructuring, Dream Sports now operates several focused platforms including Dream11 (pivoted), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. According to the company, Dream11’s workforce of around 700 employees…
Short learning video platform Seekho reported explosive revenue growth in FY25 but also significantly increased spending on marketing to scale its user base. The Bengaluru based company generated ₹141.5 crore in operating revenue while spending ₹134.2 crore on advertising and marketing during the fiscal year ended March 2025. According to financial statements filed with the Registrar of Companies (RoC), Seekho’s operating revenue surged 12.3X year-on-year, rising from ₹11.5 crore in FY24 to ₹141.5 crore in FY25. Subscription-Led Revenue Model Founded in 2020, Seekho operates a short learning video platform that offers bite sized educational content across English, Hindi, and other…
Stanza Living, a managed accommodation platform for students and working professionals, reported profitability in FY25 after several years of losses, aided largely by significant non-operating income. However, the company’s core operating revenue declined during the same period. According to consolidated financial statements filed with the Registrar of Companies (RoC), Stanza Living’s revenue from operations fell 6.6% to ₹545.5 crore in FY25 from ₹584 crore in FY24. Other Income Drives Profitability The company generates revenue primarily from managed accommodation services for students and young professionals relocating to major cities. This remained its sole operating income stream. Including non-operating income of ₹278.5…